Today
we have shortlisted 9 basic resources stocks trading below $10 across sectors that
are likely to outperform their peers and broader markets by providing price
returns up to 75% in the next 12 months, based on average price targets of
analysts polled by Bloomberg. We have picked stocks which are estimated to register strong growth in sales and EPS of over 10% in 2014. We note that these stocks are rated a ‘Buy’ by majority of the analysts covering these stocks with an implied upside range of 11% to 77%. All the shortlisted stocks have accumulated gains during the past 3-months with daily average trading volume of over 100,000.
|
Company Name |
Exchange |
Ticker |
Market Cap |
Last Price |
Average Volume |
Price Change |
Sales Growth |
EPS Growth |
Buy Rating |
Consensus Target Price |
Implied Upside |
|
Luna Gold Corp |
TSX |
LGC |
147.6 |
1.21 |
323,487 |
2.5% |
26.6% |
34.3% |
100% |
2.15 |
77.3% |
|
Bellatrix Exploration Ltd |
TSX |
BXE |
1,839.5 |
9.63 |
3,417,105 |
2.7% |
139.8% |
84.1% |
100% |
13.65 |
41.7% |
|
Yangarra Resources Ltd |
TSX |
YGR |
221.1 |
3.83 |
497,125 |
30.3% |
116.2% |
250.0% |
100% |
5.12 |
33.6% |
|
Artek Exploration Ltd |
TSX |
RTK |
329.8 |
4.28 |
648,601 |
6.5% |
56.4% |
304.0% |
80% |
5.55 |
29.7% |
|
Lonestar West Inc |
TSXV |
LSI |
108.7 |
3.73 |
132,021 |
28.6% |
86.2% |
28.6% |
100% |
4.83 |
29.6% |
|
Bankers Petroleum Ltd |
TSX |
BNK |
1,801.1 |
6.98 |
3,018,834 |
26.9% |
12.3% |
83.3% |
82% |
8.99 |
28.8% |
|
Profire Energy Inc |
NASDAQ |
PFIE |
244.8 |
4.66 |
398,997 |
33.6% |
27.1% |
40.0% |
100% |
5.50 |
18.0% |
|
Abraxas Petroleum Corp |
NASDAQ |
AXAS |
608.4 |
5.86 |
2,998,561 |
39.9% |
53.3% |
260.0% |
91% |
6.53 |
11.5% |
|
RMP Energy Inc |
TSX |
RMP |
1,140.4 |
9.42 |
1,693,342 |
19.5% |
130.7% |
402.2% |
86% |
10.46 |
11.1% |
Source: Bloomberg
Market Cap & Last Price are in their respective currencies
Company Description:
Luna Gold Corp (TSX: LGC)
Luna Gold Corporation explores for gold in the United States and South America.
Bellatrix Exploration Ltd (TSX: BXE)
Bellatrix Exploration Ltd. explores for oil and natural gas.
Yangarra Resources Ltd (TSX: YGR)
Yangarra Resources Ltd. acquires, explores, and develops oil and gas properties in Canada.
Artek Exploration Ltd (TSX: RTK)
Artek Exploration Ltd. explores for oil and natural gas. The company operates in Alberta and British Columbia in Canada.
Lonestar West Inc (TSXV: LSI)
Lonestar West, Inc. operates vacuum trucks and hydro-vacuum trucks. The vacuum trucks are used to serve the oil and natural gas exploration industry. The hydro-vacuum trucks use a stream of water to dig holes and trenches, and a vacuum to remove soil and rocks and deposit them in a tank.
Bankers Petroleum Ltd (TSX: BNK)
Bankers Petroleum Ltd. is an oil and gas exploration and production company. The company has a working interest in the Patos-Marinza oil field in Albania.
Profire Energy Inc (NASDAQ: PFIE)
Profire Energy Inc. manufactures installs, and services oilfield combustion management technologies and related products for the oil and gas industry. The company offers oil and natural gas producers’ services in transportation, refinement, and production of oil and natural gas.
Abraxas Petroleum Corp (NASDAQ: AXAS)
Abraxas Petroleum Corporation acquires producing oil and gas properties. The company explores for and produces crude oil and natural gas in Texas, Wyoming, and Canada. Abraxas also operates or owns an interest in various gas processing plants in Canada.
RMP Energy Inc (TSX: RMP)
RMP Energy Inc. is an oil and gas exploration and production company. The company explores for and produces oil and natural gas in West Central Alberta and southeastern Saskatchewan.
